| THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No. 88/2004/TT-BTC | Hanoi, September 1, 2004 |
CIRCULAR
AMENDING AND SUPPLEMENTING THE FINANCE MINISTRY’S CIRCULAR NO. 128/2003/TT-BTC OF DECEMBER 22, 2003 GUIDING THE IMPLEMENTATION OF THE GOVERNMENT’S DECREE NO. 164/2003/ND-CP OF DECEMBER 22, 2003 DETAILING THE IMPLEMENTATION OF THE LAW ON ENTERPRISE INCOME TAX
Pursuant to the Law on Enterprise Income Tax, passed on June 17, 2003 by the XIth National Assembly;
Pursuant to the Government’s Decree No. 164/2003/ND-CP of December 22, 2003 detailing the implementation of the Law on Enterprise Income Tax and the Government’s Decree No. 152/2004/ND-CP of August 6, 2003 amending and supplementing a number of articles of the Government’s Decree No. 164/2003/ND-CP of December 22, 2003 detailing the implementation of the Law on Enterprise Income Tax;
Pursuant to the Government’s Decree No. 77/2003/ND-CP of July 1, 2003 defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
The Ministry of Finance hereby guides the amendments and supplements to a number of contents of Circular No. 128/2003/TT-BTC of December 22, 2003 guiding the implementation of the Government’s Decree No. 164/2003/ND-CP of December 22, 2003 detailing the implementation of the Law on Enterprise Income Tax as follows:
1. The second paragraph of Section III, Part C, is amended as follows:
“Business households and individuals earning incomes from land-use right or land-rent right transfer shall not pay tax on such incomes under the guidance in this Circular but pay tax according to the provisions of the current Law on Land Use Right Transfer Tax.”
